Post
Topic
Board Altcoin Discussion
Re: Investing in a newly project is worth it or not ?
by
strunberg
on 12/03/2024, 14:31:24 UTC
Guys i am a trader but i never invested in the new projects but i know some guys who perform trading on newly projects and take a good profit from it so i am decided to do that as well so i found a project called Minerpepe and its offers mining through the smart contract i have checked the dapp their pools are not live but when i connect my wallet nothing is stolen so its look safe and when i dig more i found out their fairlaunch on pinksale is coming in next 24 hours and after the launch their pools got live i have witnessed a projects who offers good rewards through mining pool for the early birds so what you guys think participating in the initial sale of a token is safe or not?
Website link given below

Website: https://minerpepe.com/

First, never use your main wallet to try new projects. You don't know whether the project will be a scam or not just because they don't take your coins at that time. Always use a dedicated wallet for new projects.

I looked at the website and it looks like it's another meme coin that uses the big name PEPE to attract investors. In the past there was also a PEPEMO project which used the name PEPE. In my personal opinion, to be honest, meme projects are not good projects to invest in because you need the power of the community to pump up the price. I read briefly in the project that it mentioned that early adopters would benefit from MPEPE tokens. That's great but if there isn't a big community then it will just be another shitcoin of meme projects.